Divestitures and Acquisitions (Tables)

12 Months Ended

Dec. 31, 2016

Acquisitions

Schedule of estimated fair values of assets acquired and liabilities assumed at the date of acquisition

The following table summarizes the fair values of assets acquired and liabilities assumed at the date of the acquisition (dollars in thousands):

Cash consideration	$	22,499
Total purchase price	$	22,499
Cash	$	4,206
Accounts receivable, net		1,035
Customer related intangibles		2,674
Computer software		2,273
Trade Name		160
Deferred Tax Liability		(1,650)
Goodwill		13,801
Total purchase price	$	22,499

Sale of subsidiaries | Energy research business

Acquisitions

Summary of components of pre-tax gain

The following table summarizes the components of the pre-tax gain (dollars in thousands):

Cash proceeds from sale	$	120,500
Working capital adjustment		(1,615)
Carrying value of net assets disposed		(3,025)
Direct selling costs		(8,161)
Pre-tax gain on sale	$	107,699

Sale of subsidiaries | ITG Investment Research

Acquisitions

Summary of components of pre-tax gain

The following table summarizes the components of the pre-tax gain (dollars in thousands):

Cash proceeds from sale	$	12,000
Carrying value of net assets disposed		(7,502)
Direct selling costs		(4,477)
Pre-tax gain on sale	$	21